Moonstake Integrates Support For Polygon Blockchain


SINGAPORE, Apr 15, 2022 – (ACN Newswire) – Moonstake
announced today it will implement support for the popular
Polygon Network. With this update, Moonstake Wallet users
can now send, receive, and own MATIC coin as well as MATIC
tokens on both the web and mobile versions. This update also
enables support for sending, receiving, and holding ORBS on
Polygon. Furthermore, Moonstake is considering supporting
the staking of ORBS on Polygon Network, since the staking
platform currently already supports ORBS staking on
Ethereum. This will enable users to earn via multi-chain
staking of ORBS on both blockchains through a single safe
and user-friendly staking platform.

Moonstake launched
its staking business in 2020 with the aim to create the
largest staking network in Asia. Since then, it has
developed the most user-friendly Web Wallet and Mobile
Wallet (iOS/Android) with support for over 2,000
cryptocurrencies. Currently, Moonstake supports 16
high-demand staking coins: Cosmos, IRIS, Ontology, Harmony,
Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs,
IOST, TRON, Shiden, FIO, and EVER, as well as ERC-721 and
Cardano NFTs. After a full-scale operation launched in
August 2020, Moonstake’s total staking assets have grown
rapidly to reach $1.8 Billion and by June 2021, Moonstake
was the third best staking provider in the world out of
15,000 staking providers worldwide. In March 2021, the
company entered DeFi with Muse.Finance, a DeFi platform, and
will continue to expand into the DeFi
business.

Meanwhile, Polygon is a decentralized
Ethereum scaling platform that enables developers to build
scalable user-friendly dApps with low transaction fees
without ever sacrificing on security. Polygon effectively
transforms Ethereum into a full-fledged multi-chain system
(aka Internet of Blockchains) akin to other ones such as
Polkadot, Cosmos, Avalanche etc with the advantages of
Ethereum’s security, vibrant ecosystem and openness. The
ecosystem’s token, MATIC, provides robust security as well
as enables governance. Polygon is one of the market’s
biggest blockchains for Web3 builders, boasting over 7,000
DApps in its developer ecosystem which features numerous big
names – from DeFi projects such as lending platform Aave to
luxury brands company Dolce & Gabbana and NFT
marketplaces including OpenSea and Mark Cuban’s
Lazy.com.

As a world-leading staking provider,
Moonstake is looking forward to offer new, excellent user
experiences and exciting opportunities to the Polygon
ecosystem users through this integration.

About
Moonstake

Moonstake is the world’s leading staking
service provider that develops and operates decentralized
wallet services for businesses and individuals.

Since
its launch in April 2020, Moonstake has partnered with 28
leading platform providers, including Cardano’s constituent
Emurgo, developer of the Polkadot-connected blockchain Astar
Network Stake Technologies, and the TRON Network with over
50 million users. In May 2021, Moonstake further enhanced
its corporate credibility by becoming a wholly owned
subsidiary of OIO Holdings Limited, a company listed on the
Singapore Stock Exchange.

Using blockchain technology,
Moonstake aims to progress toward a world where anyone can
easily make use of highly secure and reliable digital asset
management tools.

About Moonstake’s staking
business

For the staking industry, which has grown
into a 630-billion dollar market as of September 2021,
Moonstake provides a decentralized staking service that does
not require user deposits, and supports nodes around the
world in addition to its own validator nodes. Moonstake
currently supports the staking of 16 blockchains. With a
total staking assets of 1.8 billion USD and a global user
base, the company ranked third out of more than 10,000
providers worldwide in June of the same year.

https://www.moonstake.io/

About
Polygon

Polygon is the leading platform for Ethereum
scaling and infrastructure development. Its growing suite of
products offers developers easy access to all major scaling
and infrastructure solutions: L2 solutions (ZK Rollups and
Optimistic Rollups), sidechains, hybrid solutions,
stand-alone and enterprise chains, data availability
solutions, and more. Polygon’s scaling solutions have seen
widespread adoption with 7000+ applications hosted, 1B+
total transactions processed, ~100M+ unique user addresses,
and $5B+ in assets secured.

If you’re an Ethereum
Developer, you’re already a Polygon developer! Leverage
Polygon’s fast and secure txns for your dApp, get started
here.

https://polygon.technology/

© Scoop Media

 



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